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HomeMy WebLinkAboutAgenda Packet - June 22, 2009 - CC SpecAGENDA SPECIAL MEETING OF THE CITY COUNCIL AZUSA LIGHT AND WATER 729 NORTH AZUSA AVENUE A. PRELIMINARY BUSINESS • Call to Order • Roll Call MONDAY, JUNE 22, 2009 immediately following the Utility Board Meeting which begins at 6:30 p.m. B. PUBLIC PARTICIPATION - Please note that public comments are welcomed by recognition of the Mayor. C. AGENDA ITEM 1. CITY AUDITOR PRESENTATION (LANCE, SOLL & LUNGHARD, LLP) REGARDING SAS 114 REQUIREMENT. RECOMMENDED ACTION: Receive the information from the City auditor on the annual audit process and direct staff regarding any policy changes. 2. Request for proclamation for Peggy Martinez for her dedication and commitment to the Azusa Downtown Business Association. D. ADJOURNMENT 1. Adjourn "In compliance with the Americans with Disabilities Act, ifyou need special assistance to participate in a city meeting, please contact the City Clerk at 626-812-5229. Notification three (3) working days prior to the meeting or time when special services are needed will assist staff in assuring that reasonable arrangements can be made to provide access to the meeting." 41111 .F , AZUSA AGENDA ITEM TO: THE HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: ALAN KREIMEIER, DIRECTOR OF ADMINISTRATIVE SERVICES/CFO VIA: FRANCIS M. DELACH,CITY MANAGER DATE: JUNE 22,2009 SUBJECT: CITY AUDITOR PRESENTATION (LANCE, SOLL & LUNGHARD, LLP) REGARDING SAS 114 REQUIREMENT RECOMMENDATION It is recommended that City Council receive the information from the City auditor on the annual audit process and direct staff regarding any policy changes. BACKGROUND On June 23,2008,Richard Kikuchi,partner with Lance, Soll &Lunghard(LSL),LLP,the City's external auditor,made a presentation outlining the requirements associated with the Statement of Auditing Standards (SAS) No. 114, "The Auditors Communication with those Charged with Governance". This statement had been adopted in part to improve the auditing processes due to the financial fallout associated with the Enron crisis. Each year, Finance staff work with LSL for review and preparation of the Comprehensive Annual Financial Report or CAFR. The CAFR is provided to the Council and made available to the public via the City's website in late December. Mr. Kikuchi will present an update on the annual audit process to the City Council. FISCAL IMPACT N/A Prepared by: Joan Michaels Aguilar,Controller 61891°